diff --git a/tools/web3js-example/package-lock.json b/tools/web3js-example/package-lock.json
index 15a06fab0a..e2e1de9608 100644
--- a/tools/web3js-example/package-lock.json
+++ b/tools/web3js-example/package-lock.json
@@ -10,7 +10,7 @@
       "license": "Apache-2.0",
       "dependencies": {
         "dotenv": "^16.4.5",
-        "web3": "^4.7.0"
+        "web3": "^4.8.0"
       },
       "devDependencies": {
         "chai": "^4.3.6",
@@ -1323,16 +1323,16 @@
       }
     },
     "node_modules/web3": {
-      "version": "4.7.0",
-      "resolved": "https://registry.npmjs.org/web3/-/web3-4.7.0.tgz",
-      "integrity": "sha512-3g+1e7B/IW0Nw9WP1dotrZKWD9o5IBfl27dxEnE1LxBZBax6ZkviiAwf18utIhlNBD07RgI+PPfKDXxfDBlHWA==",
+      "version": "4.8.0",
+      "resolved": "https://registry.npmjs.org/web3/-/web3-4.8.0.tgz",
+      "integrity": "sha512-kQSF2NlHk8yjS3SRiJW3S+U5ibkEmVRhB4/GYsVwGvdAkFC2b+EIE1Ob7J56OmqW9VBZgkx1+SuWqo5JTIJSYQ==",
       "dependencies": {
         "web3-core": "^4.3.2",
         "web3-errors": "^1.1.4",
-        "web3-eth": "^4.5.0",
-        "web3-eth-abi": "^4.2.0",
-        "web3-eth-accounts": "^4.1.1",
-        "web3-eth-contract": "^4.3.0",
+        "web3-eth": "^4.6.0",
+        "web3-eth-abi": "^4.2.1",
+        "web3-eth-accounts": "^4.1.2",
+        "web3-eth-contract": "^4.4.0",
         "web3-eth-ens": "^4.2.0",
         "web3-eth-iban": "^4.0.7",
         "web3-eth-personal": "^4.0.8",
@@ -1340,8 +1340,8 @@
         "web3-providers-http": "^4.1.0",
         "web3-providers-ws": "^4.0.7",
         "web3-rpc-methods": "^1.2.0",
-        "web3-types": "^1.5.0",
-        "web3-utils": "^4.2.2",
+        "web3-types": "^1.6.0",
+        "web3-utils": "^4.2.3",
         "web3-validator": "^2.0.5"
       },
       "engines": {
@@ -1384,21 +1384,21 @@
       }
     },
     "node_modules/web3-eth": {
-      "version": "4.5.0",
-      "resolved": "https://registry.npmjs.org/web3-eth/-/web3-eth-4.5.0.tgz",
-      "integrity": "sha512-crisE46o/SHMVm+XHAXEaR8k76NCImq+hi0QQEJ+VaLZbDobI/Gvog1HwTukDUDRgnYSAFGqD0cTRyAwDurwpA==",
+      "version": "4.6.0",
+      "resolved": "https://registry.npmjs.org/web3-eth/-/web3-eth-4.6.0.tgz",
+      "integrity": "sha512-8KtxlGsomovoFULqEpfixgmCpaJ2YIJGxbXUfezh2coXHjVgEopQhARYtKGClyV5kkdCIqwHS8Gvsm6TVNqH6Q==",
       "dependencies": {
         "setimmediate": "^1.0.5",
         "web3-core": "^4.3.2",
         "web3-errors": "^1.1.4",
-        "web3-eth-abi": "^4.2.0",
-        "web3-eth-accounts": "^4.1.1",
+        "web3-eth-abi": "^4.2.1",
+        "web3-eth-accounts": "^4.1.2",
         "web3-net": "^4.0.7",
         "web3-providers-ws": "^4.0.7",
         "web3-rpc-methods": "^1.2.0",
-        "web3-types": "^1.5.0",
-        "web3-utils": "^4.2.1",
-        "web3-validator": "^2.0.4"
+        "web3-types": "^1.6.0",
+        "web3-utils": "^4.2.3",
+        "web3-validator": "^2.0.5"
       },
       "engines": {
         "node": ">=14",
@@ -1406,15 +1406,15 @@
       }
     },
     "node_modules/web3-eth-abi": {
-      "version": "4.2.0",
-      "resolved": "https://registry.npmjs.org/web3-eth-abi/-/web3-eth-abi-4.2.0.tgz",
-      "integrity": "sha512-x7dUCmk6th+5N63s5kUusoNtsDJKUUQgl9+jECvGTBOTiyHe/V6aOY0120FUjaAGaapOnR7BImQdhqHv6yT2YQ==",
+      "version": "4.2.1",
+      "resolved": "https://registry.npmjs.org/web3-eth-abi/-/web3-eth-abi-4.2.1.tgz",
+      "integrity": "sha512-IE91WUhhiDpBtbkl/DHUoZz7z7T5FXvl3zPLkrxT+dNlOT+wni+US/67jQCLvJRbqf9ApQ26lVYry0bovFgyqA==",
       "dependencies": {
         "abitype": "0.7.1",
         "web3-errors": "^1.1.4",
-        "web3-types": "^1.3.1",
-        "web3-utils": "^4.1.1",
-        "web3-validator": "^2.0.4"
+        "web3-types": "^1.6.0",
+        "web3-utils": "^4.2.3",
+        "web3-validator": "^2.0.5"
       },
       "engines": {
         "node": ">=14",
@@ -1422,17 +1422,17 @@
       }
     },
     "node_modules/web3-eth-accounts": {
-      "version": "4.1.1",
-      "resolved": "https://registry.npmjs.org/web3-eth-accounts/-/web3-eth-accounts-4.1.1.tgz",
-      "integrity": "sha512-9JqhRi1YhO1hQOEmmBHgEGsME/B1FHMxpA/AK3vhpvQ8QeP6KbJW+cForTLfPpUbkmPxnRunG4PNNaETNlZfrA==",
+      "version": "4.1.2",
+      "resolved": "https://registry.npmjs.org/web3-eth-accounts/-/web3-eth-accounts-4.1.2.tgz",
+      "integrity": "sha512-y0JynDeTDnclyuE9mShXLeEj+BCrPHxPHOyPCgTchUBQsALF9+0OhP7WiS3IqUuu0Hle5bjG2f5ddeiPtNEuLg==",
       "dependencies": {
         "@ethereumjs/rlp": "^4.0.1",
         "crc-32": "^1.2.2",
         "ethereum-cryptography": "^2.0.0",
         "web3-errors": "^1.1.4",
-        "web3-types": "^1.3.1",
-        "web3-utils": "^4.1.1",
-        "web3-validator": "^2.0.4"
+        "web3-types": "^1.6.0",
+        "web3-utils": "^4.2.3",
+        "web3-validator": "^2.0.5"
       },
       "engines": {
         "node": ">=14",
@@ -1440,16 +1440,16 @@
       }
     },
     "node_modules/web3-eth-contract": {
-      "version": "4.3.0",
-      "resolved": "https://registry.npmjs.org/web3-eth-contract/-/web3-eth-contract-4.3.0.tgz",
-      "integrity": "sha512-4fzSklA65zUn6SthU3T3tbVJacfP8/wkJmCuvmPaf2ZTFdnhsF96G5IQtCRf0+wASb4yk0A6IBvXZfk1B4R4HA==",
+      "version": "4.4.0",
+      "resolved": "https://registry.npmjs.org/web3-eth-contract/-/web3-eth-contract-4.4.0.tgz",
+      "integrity": "sha512-pZ/w6Lb6ZDUUs7f5GCKXiHDAGGvt2tdwiHkvgmQTRnq9b0MEsUpteDyPYspHxKzQWLgbeK37jPb8zbQe4kE/Hg==",
       "dependencies": {
         "web3-core": "^4.3.2",
         "web3-errors": "^1.1.4",
-        "web3-eth": "^4.5.0",
-        "web3-eth-abi": "^4.2.0",
-        "web3-types": "^1.5.0",
-        "web3-utils": "^4.2.2",
+        "web3-eth": "^4.6.0",
+        "web3-eth-abi": "^4.2.1",
+        "web3-types": "^1.6.0",
+        "web3-utils": "^4.2.3",
         "web3-validator": "^2.0.5"
       },
       "engines": {
@@ -1586,23 +1586,23 @@
       }
     },
     "node_modules/web3-types": {
-      "version": "1.5.0",
-      "resolved": "https://registry.npmjs.org/web3-types/-/web3-types-1.5.0.tgz",
-      "integrity": "sha512-geWuMIeegQ8AedKAO6wO4G4j1gyQ1F/AyKLMw2vud4bsfZayyzWJgCMDZtjYMm5uo2a7i8j1W3/4QFmzlSy5cw==",
+      "version": "1.6.0",
+      "resolved": "https://registry.npmjs.org/web3-types/-/web3-types-1.6.0.tgz",
+      "integrity": "sha512-qgOtADqlD5hw+KPKBUGaXAcdNLL0oh6qTeVgXwewCfbL/lG9R+/GrgMQB1gbTJ3cit8hMwtH8KX2Em6OwO0HRw==",
       "engines": {
         "node": ">=14",
         "npm": ">=6.12.0"
       }
     },
     "node_modules/web3-utils": {
-      "version": "4.2.2",
-      "resolved": "https://registry.npmjs.org/web3-utils/-/web3-utils-4.2.2.tgz",
-      "integrity": "sha512-z+4owWcnoB4EH8yWIL1FBeyqe+sXwaGxUDtVTNPTMf2oB5C+paCToZUdCV5Bi+M543zZEzlzNTabOD+OWNc7NA==",
+      "version": "4.2.3",
+      "resolved": "https://registry.npmjs.org/web3-utils/-/web3-utils-4.2.3.tgz",
+      "integrity": "sha512-m5plKTC2YtQntHITQRyIePw52UVP1IrShhmA2FACtn4zmc5ADmrXOlQWiPzxFP/18eRJsAaUAw2+CQn1u4WPxQ==",
       "dependencies": {
         "ethereum-cryptography": "^2.0.0",
         "eventemitter3": "^5.0.1",
         "web3-errors": "^1.1.4",
-        "web3-types": "^1.5.0",
+        "web3-types": "^1.6.0",
         "web3-validator": "^2.0.5"
       },
       "engines": {
diff --git a/tools/web3js-example/package.json b/tools/web3js-example/package.json
index dcb38dccc0..53b3c4a8d2 100644
--- a/tools/web3js-example/package.json
+++ b/tools/web3js-example/package.json
@@ -10,7 +10,7 @@
   "license": "Apache-2.0",
   "dependencies": {
     "dotenv": "^16.4.5",
-    "web3": "^4.7.0"
+    "web3": "^4.8.0"
   },
   "devDependencies": {
     "chai": "^4.3.6",